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Looking For A Good Broker

  • #21
  • Sep 14, 2018 4:17am Sep 14, 2018 4:17am
Hello gates01, there are some good brokers who satisfy your all conditions, like Coinexx, evolve market, fxchoice. I personally used each of them at some stage and am with currently with Coinexx at the moment. They are all good. As a habit, I switch brokers every 6 to 8 months.
You can also visit this link on babypips. It lists a lot of credible brokers tried and tested by the community - https://forums.babypips.com/t/list-o...rencies/158023
Hope it helps.
  • #22
  • Sep 14, 2018 12:02pm Sep 14, 2018 12:02pm
please do not use Pepperstone and icmarket they both sucks, their server is down for more than 20 minutes


Attached Image (click to enlarge)
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ps.unti now still not connected
  • #23
  • Sep 25, 2018 9:06pm Sep 25, 2018 9:06pm
Quoting mpew
please do not use Pepperstone and icmarket they both sucks, their server is down for more than 20 minutes {image} ps.unti now still not connected
Are you considering other brokers now then?
  • #24
  • Sep 25, 2018 9:28pm Sep 25, 2018 9:28pm
Hi , I have been told by a friend , that a broker can add/change/delete history data to our MT4 real account just to show us that our account have been opened a trade or more using the control panel in the broker's backoffice server. Is this true ? Have anyone known this issue ? Thank you in advance.
  • #25
  • Nov 3, 2018 1:59pm Nov 3, 2018 1:59pm
Quoting yanata
Hi , I have been told by a friend , that a broker can add/change/delete history data to our MT4 real account just to show us that our account have been opened a trade or more using the control panel in the broker's backoffice server. Is this true ? Have anyone known this issue ? Thank you in advance.
No, never heard of this issue yanata.
  • #26
  • Nov 3, 2018 9:50pm Nov 3, 2018 9:50pm
Quoting yanata
Hi , I have been told by a friend , that a broker can add/change/delete history data to our MT4 real account just to show us that our account have been opened a trade or more using the control panel in the broker's backoffice server. Is this true ? Have anyone known this issue ? Thank you in advance.
That's not true to me. But I have seen few scam brokers use spread to make it easier to hit your SL and harder to hit your TP.
  • #27
  • Nov 6, 2018 2:44am Nov 6, 2018 2:44am
Quoting zagko
{quote} That's not true to me. But I have seen few scam brokers use spread to make it easier to hit your SL and harder to hit your TP.
Or maybe the spread just widens during e.g. news releases. I have never believed any decent broker engages is stop hunting. But then I have only ever traded with well-respected and regulated brokers.
  • #28
  • Nov 7, 2018 4:47am Nov 7, 2018 4:47am
Quoting TeenyTrader
{quote} Or maybe the spread just widens during e.g. news releases. I have never believed any decent broker engages is stop hunting. But then I have only ever traded with well-respected and regulated brokers.

Stop hunting attempts would cost too much for the broker, because price discrepancies at different platforms can be easily spotted and spread across the trading community. The broker will just lose all clients in a blink of eye. This business should be done in utmost fair way or you will be out of the game quickly.
  • #29
  • Nov 7, 2018 1:00pm Nov 7, 2018 1:00pm
Quoting dispersion
{quote} Stop hunting attempts would cost too much for the broker, because price discrepancies at different platforms can be easily spotted and spread across the trading community. The broker will just lose all clients in a blink of eye. This business should be done in utmost fair way or you will be out of the game quickly.
Do you mean it would allow a type of arbitrage trading?
  • #30
  • Nov 8, 2018 5:39am Nov 8, 2018 5:39am
Quoting Gates01
Hello guys, good morning/afternoon/evening. Gates here. I am new on this forum, yet it already feels like I've been here for a very long time. I like the discussions and the profess traders here. I have a question though, I want to finally go live in forex trading. I need a good broker that has good spreads(must not be the best) , Active customer service, supports crypto currencies as both trading instruments and funding method(optional), high reputation, fast withdrawal, ECN or STP, and has a good mt4 platform that works well with indicators and...
imo the Number 1 priority is fast withdrawals. The first thing you want to be able to do, is take out profits after all that hard-earned effort (FX trading is f*cking difficult!!!)
For me there are 3 main brokers who always paid me when I wanted to : XM, Exness and Hotforex.

Here is a withdrawal screenshot of around 2000 USD https://photoshar.in/2000-usd-skrill...thdrawal-proof
  • #31
  • Nov 8, 2018 11:53am Nov 8, 2018 11:53am
Quite happy with Dukascopy and Vantage FX. I also enjoyed FX Pro before they booted Canadians.
Emotion - it steals your money.
  • #32
  • Nov 10, 2018 6:07am Nov 10, 2018 6:07am
Quoting rockthepips
{quote} imo the Number 1 priority is fast withdrawals. The first thing you want to be able to do, is take out profits after all that hard-earned effort (FX trading is f*cking difficult!!!) For me there are 3 main brokers who always paid me when I wanted to : XM, Exness and Hotforex. Here is a withdrawal screenshot of around 2000 USD https://photoshar.in/2000-usd-skrill...thdrawal-proof
Agree rockthepips, and a lot of brokers now offer withdrawals via Paypal, which speeds things up a lot.
  • #33
  • Nov 10, 2018 3:38pm Nov 10, 2018 3:38pm
Quoting tradesimply
Hi Gates Welcome to the forum! I'm sure you will get lots of useful information and help from other traders here. In answer to your question, I can only say that I am with IC Markets and I'm very happy with them. Active customer service - yes, live chat and email supports crypto currencies as trading instruments - yes and funding method(optional) - yes, using Bitcoin Wallet high reputation - yes, and ASIC-regulated fast withdrawal - international wire transfer (up to 3 days) or via Paypal (instant) ECN or STP...
I have expereince with very high slippage which is unacceptable..... 35pips........ while other broker had not recorded such a big slipage during the same time........
check your self and decide....
Cheers
  • #34
  • Nov 10, 2018 3:53pm Nov 10, 2018 3:53pm
Quoting Upwave
I'm very happy with Pepperstone
i too was there for some time... very approchable n much reasonable..... minimal issues in slippages n
U check n decide
  • #35
  • Nov 13, 2018 11:35pm Nov 13, 2018 11:35pm
I would suggest you to search forexpeacearmy website there you can have good idea about each broker.
  • #36
  • Nov 28, 2018 9:35pm Nov 28, 2018 9:35pm
Great thread, such a valuable info. Helped me to cut short the long list of brokers that advertise all over the web, and started to seriously research them, looking to open a new account soon

Thanks!
EV
  • #37
  • Nov 29, 2018 10:49pm Nov 29, 2018 10:49pm
I prefer ICMarket, FIBO and FortFS.

Here is criteria that I look from broker.
- Spread should not much.
- Stop level MUST be zero.
- Number of order that broker allow to open.

Previously SWAP is also very critical criteria but after I get new strategy, I don't care SWAP any more.
  • #38
  • Nov 30, 2018 11:15am Nov 30, 2018 11:15am
FXchoice is my favorite broker. Just got my withdrawal in two days for over $1000. Great customer support as well. And it’s regulated .
  • #39
  • May 18, 2019 10:10am May 18, 2019 10:10am
The UK and Australian Brokers (regulated) are comparatively dependable.
  • #40
  • Dec 27, 2019 10:28am Dec 27, 2019 10:28am
Quoting mod-x
I prefer ICMarket, FIBO and FortFS. Here is criteria that I look from broker. - Spread should not much. - Stop level MUST be zero. - Number of order that broker allow to open. Previously SWAP is also very critical criteria but after I get new strategy, I don't care SWAP any more.
Just a quick question:

What do you mean by "Stop level MUST be zero"?

TIA
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